Tests rising wedge bottom near 184.00

EUR/JPY depreciates after two days of gains, trading around 184.20 during the Asian hours on Monday. The technical analysis of a daily chart indicates that the spot remains within a rising wedge, signaling that the upward trend is losing momentum and that the wedge typically acts as a bearish reversal. The EUR/JPY cross retains a […]

Euro strengthens above 1.1550 as Fed rate hike bets fade

The EUR/USD pair gathers strength to around 1.1575 during the early Asian trading hours on Monday. The US Dollar (USD) edges lower against the Euro (EUR) amid weaker-than-expected US economic data and shifting central bank expectations. Traders will take more cues from the speech of the European Central Bank (ECB) President Christine Lagarde on Wednesday.  […]

Gold rallies as weak US data dents Fed hike bets

Gold price registers solid gains of nearly 0.90% on Friday as the US Dollar weakens across the board, following a week that featured softer inflation data, which decreased the chances for a rate hike by the Federal Reserve (Fed). The XAU/USD trades at $4,386, still below the $4,400 threshold. XAU/USD gains as weak US data […]

Bearish flag holds as bulls eye 0.8150

The USD/CHF turns negative on the day, snapping a four-day winning streak, yet it remains above 0.8100, suggesting further upside is possible if buyers reclaim key resistance levels. At the time of writing, the pair trades at a 0.12% loss. USD/CHF Price Forecast: Technical Outlook The ‘bearish flag’ remains in play. Although the pair refreshed […]